The Euro is trading at 1.2195 at present. The low has been 1.2165 while the high has been 1.2221. The range has been reasonable today despite the fact that there has been no economic news released. Liquidity in the currency markets is still well off of normal levels and the US Dollar continues to be the dominant currency. The Euro has taken added pressure from the situation that is taking place in Greece with election results threatening to encourage them to separate from the EU. It is some cause for concern as things develop there. At the moment this situation is helping to keep pressure on the Euro and we could possibly see the Euro push lower when the US gets going.
The British Pound is trading at 1.5550 at this writing. Cable has seen a low of 1.5535 while the high has been 1.5586. With no economic information out of the UK today, Cable has stayed in a tight range with pressure still weighing on the downside. Looking ahead for this week reveals that there is little economic data scheduled for release out of the UK at all. Therefore it is probable that outside information will be the thing that will drive the Pound.
The Japanese Yen is trading at 120.46 at the moment. Holiday trading will dominate Japanese markets for the rest of this week. There is no economic data scheduled for release so chances are high for the USD/JPY to stay in a tight range. Today, the USD/JPY low has been 120.17 while the high has been 120.61. Short-term support is around 120.00 while short=term resistance is at 121.00.
AUD/USD is trading at 0.8151 with the low being 0.8110 while the high has been 0.8163.
USD/CAD is trading at 1.1628 with the low being 1.1603 and the high being 1.1641.
This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.